Entergy Corporation (NYSE:ETR) shares traded -1.49% lower at $101.17 on Wall Street last session.
In accordance with the data, 19 analysts cover Entergy Corporation (NYSE:ETR). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $130.00 and a low of $96.00, we find $117.00. Given the previous closing price of $102.70, this indicates a potential upside of 13.92 percent. ETR stock price is now 1.26% away from the 50-day moving average and -4.57% away from the 200-day moving average. The market capitalization of the company currently stands at $21.47B.
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It has been rated a hold by 6 analysts and a buy by 10. Brokers who have rated the stock have averaged $115.60 as their price target over the next twelve months.
With the price target reduced from $112 to $96, Evercore ISI Downgraded its rating from Outperform to In-line for Entergy Corporation (NYSE: ETR).
In other news, RODRIGUEZ DEANNA D., “Officer” Under Sec. 16 Rules sold 300 shares of the company’s stock on Mar 09. The stock was sold for $31,188 at an average price of $103.96. Upon completion of the transaction, the “Officer” Under Sec. 16 Rules now directly owns 3,269 shares in the company, valued at $0.33 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Director HERMAN ALEXIS M sold 213 shares of the business’s stock. A total of $22,114 was realized by selling the stock at an average price of $103.82. This leaves the insider owning 7,388 shares of the company worth $0.75 million. Insiders disposed of 40,647 shares of company stock worth roughly $4.11 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ETR stock. A new stake in Entergy Corporation shares was purchased by FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ during the first quarter worth $40,400,000. PERPETUAL LTD invested $27,649,000 in shares of ETR during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in Entergy Corporation valued at approximately $15,892,000. CRESTLINE MANAGEMENT, LP acquired a new stake in ETR for approximately $7,284,000. LIGHTHOUSE INVESTMENT PARTNERS, LLC purchased a new stake in ETR valued at around $6,023,000 in the second quarter.
Entergy Corporation (NYSE: ETR) opened at $102.62 on Tuesday. During the past 12 months, Entergy Corporation has had a low of $94.16 and a high of $122.46. As of last week, the company has a debt-to-equity ratio of 2.11, a current ratio of 0.90, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $47.01B, which is based on a 18.41 price-to-earnings ratio, a 2.79 price-to-earnings-growth ratio, and a beta of 0.64. The fifty day moving average price for ETR is $99.90 and a two-hundred day moving average price translates $106.04 for the stock.
The latest earnings results from Entergy Corporation (NYSE: ETR) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $1.14, missing analysts’ expectations of $1.42 by -0.28. This compares to $1.36 EPS in the same period last year. The net profit margin was 8.20% and return on equity was 9.10% for ETR. The company reported revenue of $2.98 billion for the quarter, compared to $2.88 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.58 percent. For the current quarter, analysts expect ETR to generate $3.41B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/01/2023. Investors who held shares on 08/11/2023 were paid a $1.07 dividend. On an annualized basis, this represents a $4.28 dividend and a 4.23% percent yield. There was an ex-dividend date of 08/10/2023 for this dividend. In terms of dividend payout ratio, ETR is presently at 75.30%.
Entergy Corporation(ETR) Company Profile
Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. The company operates in two segments, Utility and Entergy Wholesale Commodities. The Utility segment generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas. The Entergy Wholesale Commodities segment engages in the ownership, operation, and decommissioning of nuclear power plants; and ownership of interests in non-nuclear power plants that sell electric power to wholesale customers, as well as provides services to other nuclear power plant owners. It generates electricity through gas, nuclear, coal, hydro, and solar power sources. The company sells energy to retail power providers, utilities, electric power co-operatives, power trading organizations, and other power generation companies. The company’s power plants have approximately 24,000 megawatts (MW) of electric generating capacity, which include 5,000 MW of nuclear power. It delivers electricity to 3 million utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy Corporation was founded in 1913 and is headquartered in New Orleans, Louisiana.
